In the News

by William Yeatman on May 5, 2009

in Blog

GM Troubles Repeat British Auto Industry Mistakes of 1970s
Iain Murray, DC Examiner, 4 May 2009

General Motors is now co-owned by the American taxpayer and labor unions.  As a Briton, I find this development astonishing.  It repeats the mistakes of the 1970s  Labor government, which essentially killed off the British auto industry.  America should avoid the same mistake.

Greenbacks for Green Energy Come from Taxpayer Pockets
Fred Smith & William Yeatman, DC Examiner, 5 May 2009

President Barack Obama recently named business consultant Jeffrey Zients as head of a new performance office tasked with reducing government waste. The irony of creating a bureaucracy to trim federal fat aside, we suggest an obvious first target for the incoming performance czar: The Department of Energy’s (DOE) “clean energy” development bank.

Forget the Environment, Dems Just Want You To Show Them the Money
Phil Kerpen, FoxNews, 4 May 2009

The central question in the debate over global warming and cap-and-trade has nothing to do with the environment or even with energy.  It’s all about one thing: revenue.  Kudos to Republican leaders for taking a clear stand that they will oppose any global warming bill that raises federal taxes, but as long as Democrats refuse to make the same commitment, the global warming debate is about one thing: revenue.

In the News

by William Yeatman on May 4, 2009

in Blog

Lobbyists Help Dems Draft Climate Bill
Tom LoBianco, Washington Times, 4 May 2009

Democratic lawmakers who spent much of the Bush administration blasting officials for letting energy lobbyists write national policy have turned to a coalition of business and environmental groups to help draft their own sweeping climate bill.

The Bias against Oil and Gas
Robert Samuelson, Washington Post, 4 May 2009

Considering the brutal recession, you’d expect the Obama administration to be obsessed with creating jobs. And so it is, say the president and his supporters. The trouble is that there’s one glaring exception to their claims: the oil and natural gas industries. The administration is biased against them — a bias that makes no sense on either economic or energy grounds. Almost everyone loves to hate the world’s Exxons, but promoting domestic drilling is simply common sense.

Climate Model Predictions: Time for a Reality Check
Dr. Roy Spenser, RightSideNews, 2 May 2009

The fear of anthropogenic global warming is based almost entirely upon computerized climate model simulations of how the global atmosphere will respond to slowly increasing carbon dioxide concentrations. There are now over 20 models being tracked by the IPCC, and they project levels of warming ranging from pretty significant to catastrophic by late in this century.

In the News

The Real Danger of Global Warming
Vaclav Klaus, RealClearWorld.com, 1 May 2009

Obama’s Plan “Necessarily” Skyrockets Energy Bills
Paul Chesser, DC Examiner, 1 May 2009

Back to the Good Old Days
Paul Driessen, GlobalWarming.org, 1 May 2009

CO2 Fantasy
Deroy Murdock, Indianapolis Star, 30 April 2009

Make Believe World of Cap-and-Trade
Vincent Carroll, Denver Post, 29 April 2009

Al Gore Is Wrong on Arctic Ice
Kenneth P. Green, MasterResource.org, 30 April 2009

A Primer for Deniers
Lawrence Solomon, Financial Post, 30 April 2009

Chevy Volt Not Ready To Roll
Charles Lane, Washington Post, 29 April 2009

Al Gore’s Morals vs. Your Pocketbook
Morning Bell, Heritage.org, 27 April 2009

News You Can Use

  • Sea ice around Antarctica has been increasing at a rate of 100,000 sq km a decade since the 1970s, according to a new study by the British Antarctic Survey, published in the journal Geophysical Research Letters (reported in The Australian).
  • A new Zogby Poll shows that 57% of Americans oppose cap-and-trade schemes.
  • Charles River Associates released a study this week estimating that President Barack Obama’s cap-and-trade scheme would kill 1.9 million jobs by 2020.

Inside the Beltway

Myron Ebell

Waxman-Markey Update

After cancelling this week’s scheduled subcommittee mark-up, Representatives Henry Waxman (D-Beverly Hills) and Edward Markey (D-Mass.) have spent the week trying to gain enough support to pass their energy rationing bill out of committee. Very few details have emerged from these backroom sessions, and so it is not clear that Energy and Commerce Committee Chairman Waxman and Energy and the Environment Subcommittee Chairman Markey have yet made enough concessions to win over Democrats representing districts that produce oil or coal, rely on coal for electricity, or have energy-intensive manufacturing. These Democrats are: Mike Ross (Ark.), Gene Green (Tex.), Charles Melancon (La.), Mike Doyle (Penna.), Rick Boucher (Va.), Bart Stupak (Mich.), John Barrow (Ga.), Bart Gordon (Tenn.), Jim Matheson (Utah), G. K. Butterfield (NC), Baron Hill (Ind.), and Zack Space (Ohio). Thus whether the committee holds a mark-up next week is still up in the air as I write this.

Highlights from Hearings

In the meantime, I have been thumbing through the transcripts of last week’s three long days of hearings on the Waxman-Markey draft bill. The highlights would fill many pages. Let me just mention a few.

The panel of witnesses representing the U. S. Climate Action Partnership, a big business special interest coalition of companies that wrote the cap-and trade title of the bill, naturally all testified in favor of the Waxman-Markey bill.  However, they were asked by Representative Joe Barton (R-Tex.), the ranking Republican on the Committee, whether they would support the cap-and-trade program if all the ration coupons were auctioned rather than given away free to them. No, sorry, they would then have to oppose the bill. From which I conclude that global warming is a crisis as long as you think you can get rich off it.

Former Vice President Al Gore was the star witness of the hearings, but former House Speaker Newt Gingrich stole the show.  I am far from being a fan of Gingrich, but he did a great job attacking the premises of the bill.  Gingrich was a fill-in witness after Chairman Waxman refused the Republicans’ request to invite Christopher, Viscount Monckton to testify.

Gore’s testimony was much less impressive.  He is still making scientific claims that are not supported or have been discredited in the scientific literature.  He also claimed that it is possible to remake America’s energy sector even more quickly than the targets in the bill, but doesn’t see that the first obstacle to doing this is the regulatory structure that can delay building new transmission lines, wind farms, etc. for decades.  And while the doomsday clock is running, he still wants to think about nuclear power as something we should consider.

In reply to a question from Representative Marsha Blackburn (D-Tenn.), Gore assured the Committee that every penny he had earned from his investments in renewable energy and from his movie and book had been donated to his non-profit group, the Alliance for Climate Protection.  He did not mention that his tax deductible donations to the Alliance for Climate Protection are being used to promote policies that would increase the value of his investments.  Nor did he promise that all future pennies earned would also be donated to some worthy cause.  That’s the real point.  The real profits from investments in renewable will come if energy-rationing legislation is enacted.  So Al could still be set to make hundreds of millions, perhaps even billions, of dollars for himself and his partners at Generation Investment Management and Kleiner Perkins.

Renewables Can’t Compete

Julie Walsh

The Energy Information Agency sent us their calculations for the levelized costs of different power sources in 2016, minus any incentives, under an adjustment that simulates a $15 per ton CO2 emissions fee. (rounded)

Natural gas advanced combined cycle: 8 ¢/kwh
Conventional coal: 9.3 ¢/kwh
Advanced nuclear: 10.5 ¢/kwh
Biomass: 11.3 ¢/kwh
Wind: 11.6 ¢/kwh
Advanced coal with carbon capture and sequestration: 11.5 ¢/kwh
Offshore wind: 22.5 ¢/kwh
Solar thermal: 25.8 ¢/kwh

Therefore the “rush to gas” fears are justified and renewables would still require massive subsidies.

(Email Julie Walsh at jwalsh@cei.org for EIA’s excel spread sheet calculations and notes. Source:  Energy Information Administration, Annual Energy Outlook, 2009 DOE/EIA-0383(2009).)

Across the States

EPA Revokes Permit for Navajo Power Plant

Last week the Environmental Protection Agency withdrew an air quality permit for a proposed coal fired power plant in the Four Corners administered by the Navajo Nation. The EPA reasoned that “complete analysis” had not yet been performed when it issued the permit last summer. Navajo Nation President Joe Shirley said in a statement the decision was further proof that the U.S. government isn’t “honest and truthful in its dealings with Native America.”

California

On Monday, the California Air Resources Board approved a Low Carbon Fuel Standard that requires the State’s fuel supply to achieve a 10% reduction in “carbon intensity” by 2020. CARB’s Mary Nichols said that the measure will break California’s petroleum habit, but Severin Borenstein, director of the Energy Institute at the University of California, Berkeley, told the Miami Herald that there’s no certainty alternative fuels will be ready to meet the demand.

Maryland

The DC Examiner reports this week that Montgomery County (Maryland) officials want to scale back some of the county’s ambitious efforts to reduce greenhouse gas emissions in order to help bridge a budget gap of more than $550 million.

Around the World

Canadian Emissions Increase

Canada’s greenhouse gas emissions jumped 4% from 2006 to 2007, according to Environment Canada. Since it signed the Kyoto Protocol, Canada’s emissions have increased every year for which there is data available.

Green Jobs for China

Lewis Page of the Register reports that international wind-turbine maker Vestas announced it will lay-off 600 employees in the United Kingdom. The day after that decision, the company announced new investments to expand existing Chinese plants, which likely are powered by coal.

Corrections

The article last week entitled “Arctic Ice Recovers” should have been titled “Arctic Ice Recovering.” Also, the graph that best show the Arctic ice increasing since the low in 2007 referred to (here) is from “The Cryosphere Today,” run by the Polar Research Group in the Department of Atmospheric Science, University of Illinois at Urbana-Champaign.

There are only seven months until the global community plans to adopt a successor climate treaty to the failed Kyoto Protocol in Copenhagen, but  negotiators are far apart on the most important issues-binding emissions cuts and paying for a global green energy revolution. Here’s a quick run down of the stakeholders bargaining positions.

On binding emissions reductions:

  • Developing countries refuse to reduce emissions. They want developed countries to commit to 40% cuts by 2020.
  • The European Union wants developed countries to commit to 30% cuts by 2020.
  • The Obama administration proposes 18% cuts by 2020, but it wants significant participation from rapidly growing developing countries such as India and China.
  • In the United States Congress, Reps. Henry Waxman (D-California) and Edward Markey (D-Massachusetts) have proposed a draft of a legislation calling for the United States to reduce emissions 20% by 2020, although they are meeting heavy resistance from both within their own party and Republicans.

On financing a global green energy revolution:

  • Developing countries demand.5%-2% of developed nations’ aggregate GDP, annually, to facilitate climate change mitigation.
  • The European Union believes that developed nations need to raise and distribute $230 billion a year through 2020, but it refuses to discuss burden sharing until the U.S. submits a proposal.
  • The Obama administration has yet to address climate change mitigation aid to developing countries.
  • The Waxman-Markey draft bill does not address climate aid, but it is highly unlikely that the Congress would agree to pay scores of billions of dollars every year for clean energy in China.

It is my strongest hope that this deadlock  persists, so that we all may be spared the burden of an ill-conceived, economically ruinous climate change mitigation treaty.

The Climate Drudge (aka Marc Morano) just sent out this link to a Wall Street Journal blog post which explains how difficult it has been for House Energy and Commerce Chairman Henry Waxman to buy enough votes to get his global warming legislation out of a key subcommittee. The Journal reporters explain how skeptical moderate Democrats are having qualms about the bill, but then they quote very liberal Rep. G.K. Butterfield of North Carolina about the challenges:

“I don’t think the votes are there in the subcommittee,” Rep. G.K. Butterfield (D., N.C.) said in an interview. Mr. Butterfield said he was particularly concerned about the bill’s impact on low-income Americans, adding “What do I tell a single mom making eight dollars an hour?”

Could it be that Butterfield, a member of the Congressional Black Caucus, is understanding the message that the Congress of Racial Equality’s Roy Innis has been delivering for so long now? If liberals have trouble supporting cap-and-trade, is there any hope for it at all?

Think back to 1905.

The Wright brothers had just made history. Coal and wood heated homes. Few had telephones or electricity. AC units were handheld fans. Ice blocks cooled ice boxes. New York City collected 900,000 tons of vehicle emissions – horse manure – annually, and dumped it into local rivers. Lung and intestinal diseases were rampant. Life expectancy was 47.

Today, President Obama wants to prevent “runaway global warming,” by slashing US carbon dioxide emissions to 80% below 1990 levels by 2050. According to Oak Ridge National Laboratory data, this reduction would return the United States to emission levels last seen in those halcyon days of 1905!

But America’s 1905 population was 84 million, versus 308 million today. We didn’t drive or fly, or generate electricity for offices, factories, schools or hospitals. To account for those differences, we’d have to send CO2 emissions back to 1862 levels.

The Civil War was raging. Nine of ten Americans were farmers (versus 2% today). The industrial revolution was in its infancy. Malaria halted construction on the Washington, DC aqueduct. Typhus and cholera killed thousands more every year. Life expectancy was 40 – half of what affordable hydrocarbon, hydroelectric and nuclear power helped make it today.

None of this seems to matter to the Obama Administration or liberal Democrats. The 648-page Waxman-Markey climate bill would compel an 80% CO2 reduction, by imposing punitive cap-and-tax restrictions on virtually every hydrocarbon-using business, motorist and family.

That’s making some legislators nervous, as they ponder the health, economic and employment effects of restricting energy supplies and driving up the cost of everything we eat, drink, make and do – especially in 20 states that get 60-98% of their electricity from coal.

So to prod Congress into action, or achieve the 80% target via regulatory edict, the Obama Environmental Protection Agency has decreed that natural, plant-enhancing, life-sustaining carbon dioxide “endangers human health and welfare.” The authoritarian actions it is contemplating would regulate cars, trains, boats and planes; pave the way for regulating farms and factories, hospitals, schools, malls and apartment buildings, computer servers and lawn mowers; and send energy prices skyrocketing.

It is astonishing how casually activists, bureaucrats, politicians and even some corporate executives advocate arbitrary CO2 reduction targets and timetables – as though they were possible, desirable or necessary.

The targets reflect worst-case scenarios generated by computer models. But the models assume human CO2 now drives climate changes that have been occurring for eons. They ignore many natural forces, and inadequately analyze incomplete data, based on our still limited grasp of complex climate processes.

They cannot accurately replicate last year’s regional climate shifts or predict changes even one year in the future. They ignore Earth’s history of repeated climate changes, and failed to anticipate the slowly declining global temperatures of 1995-2008.

Thousands of climate and other scientist say there is no climate crisis, and CO2 plays little or no substantive role in climate change. A new Rasmussen poll finds that 48% of registered American voters now believe climate change is caused by planetary and other natural forces. Only a third still believe it’s due mostly to humans.

Climate realists also recognize that, even if America eliminated all of its greenhouse gas emissions, increasing Chinese and Indian carbon dioxide emissions would promptly offset our draconian cuts.

This alarms Climate Armageddonites. They fear it’s now or never to wrest control over energy and the economic, manufacturing and transportation activities it fuels. Now or never to profit from cap-and-tax laws, renewable energy mandates, and a forced shift away from hydrocarbons that now provide 85% of US energy.

“Socially responsible” corporate groups like the Carbon Offset Providers Coalition are banking on passage of Waxman-Markey or similar legislation. They want to ensure that any CO2 regime is “rigorous and efficient,” to foster high carbon prices, maximum subsidies and strong profits.

President Obama says cap-and-trade will “raise” $656 billion over the next decade. The National Economic Council and other analysts put the tax bite at $1.3 to $3.0 trillion.

This is not monetary manna. The wealth will be extracted from every hydrocarbon-using business, motorist and family.

The intrusive energy rules and taxes will clobber households, manufacturers, farmers, truckers and airlines. The poorest families will get energy welfare, to offset part of their $500-3,000 increase in annual heating, cooling, transportation and food expenses. Everyone else will have to trim health, vacation, charity, college and retirement budgets to pay for energy.

Every increase in energy prices will result in more businesses laying off workers or closing their doors, more jobs sent overseas, more families forced into welfare, more school districts, hospitals and churches into whirlpools of red ink.

Exactly how will they, your family, your business eliminate 80% of CO2 emissions by 2050? Exactly how will you pay those skyrocketing fuel bills?

The Nature Conservancy predicts that, by 2030, “eco-friendly” wind, solar and biofuel projects will require extra land equivalent to Minnesota, to produce the energy we now get from oil, gas and coal. Interior Secretary Salazar’s proposal to have offshore wind turbines replace gas, coal and nuclear electricity generators would mean 336,000 3.25MW behemoths off our coasts – if they operate 24/7/365. Far more if they don’t.

Where exactly will we site those turbines – and get the billions of tons of concrete, steel, copper and fiberglass it will take to build and install the expensive, unreliable, subsidized monsters?

My grandmother used to say, The only good thing about the “good old days” is that they’re gone.

Few Americans will be enthralled by the prospect of returning to that era. Fewer will relish the hefty price tag – and damage to their freedoms, budgets, jobs and living standards.

The White House, EPA and Congress need a serious reality check.

Paul Driessen is senior policy advisor for the Congress of Racial Equality and Committee For A Constructive Tomorrow.

The Society of Environmental Journalists inbreeders reported earlier this week about another so-called climate report — “so-called” because it is yet another study that addresses everything except the core issue of whether there is still global warming, and if so, whether or not humans are causing it — released on Monday. This time it’s the Asian Development Bank sounding the alarm in an examination of the risks posed by AGW to five (why only five?) Southeast Asian countries: Thailand, Vietnam, Indonesia, Singapore, and the Philippines. I guess Cambodia, Laos and the others aren’t worth the trouble.

The report was funded by the Government of the United Kingdom (another why?) and the methodology used to conjure up all the devastating effects of AGW on SEA was the same used for the discredited Stern Review, named for alarmist bookseller Nicholas Stern. So it’s not surprising that Stern wrote the foreward for the ADB report:

The science is continuing to develop rapidly and as it does further possible impacts will be revealed and risks re-assessed. Interactions between impacts can multiply their effects. Many of the impacts from climate change are not in traditional economic sectors with the result that valuations of their effect is difficult and many are likely to be missed….It is important that the economic analysis on climate change measures what counts rather than merely counting what can easily be measured.

Translation: We reserve the right to continue to make crap up as we think of it.

The report also got a big push from Ursula Schaefer-Preuss, ADB’s obligatory sustainable development mouthpiece. The VP with the Bond girl moniker and the Judi Dench mug had this to say:

Despite the global and regional economic downturn, the Earth is still warming and sea levels are rising. The world can no longer afford to delay action on climate change, even temporarily. Countries must act decisively. The global economic crisis provides an opportunity for the world, and Southeast Asia, to start the transition toward a climate-resilient and low-carbon economy.

All-in-all another nice fictional addition to the climate alarmism theatrics.

Americans for Prosperity has launched an effort to get office holders to pledge not to vote for any climate change legislation that increases federal government revenue. AFP announced earlier this week that many in the Republican Congressional leadership have signed on. The text of the pledge:

No Climate Tax Pledge:
I, ______________________, pledge to the taxpayers of the state of _______________ and to the American people that I will oppose any legislation relating to climate change that includes a net increase in government revenue.

It’s a worthwhile exercise, and while I know you have to keep these things short and simple, here is what I would add to the pledge:

I will also oppose any legislation relating to climate change that:

1. Includes a net increase in revenues to rent-seekers like Al Gore.

2. Includes a net increase in revenues to research funding whores like university environmental study centers.

3. Coerces utilities and industries (and therefore their customers) to pay added fees and surcharges that are redirected to other useless, government-mandated programs such as energy efficiency and green jobs.

4. Prevents the construction of new fossil fuel-powered power plants.

5. Subsidizes costly, inefficient sources of energy at the expense of less expensive, more efficient ones.

6. Does not measure results of policies it advocates in terms of their affect on global average temperatures, rather than greenhouse gas emissions.

I could probably think of more but that’s a start.

In the News

by William Yeatman on April 29, 2009

in Blog

Draft Climate Bill Reveals Deep Rifts
Gerard Wynn, Reuters, 29 April 2009

A gulf needs to be bridged if the world is to sign a new climate treaty by a December deadline, according to proposals from more than 30 countries posted on a U.N. website on Tuesday.

Chevy “Volt” Not Ready To Roll
Charles Lane, Washington Post, 29 April 2009

Translation: Unless and until gas prices shoot up, you’d be crazy to buy one of these much-ballyhooed vehicles, which will run 40 miles on a single charge if GM can overcome difficult battery-engineering issues.

Morning Bell: Al Gore’s Morals vs. Your Pocket Book
Heritage Foundation, 27 April 2009

Endorsing the Waxman-Markey cap and trade bill Friday, Al Gore told the House Energy and Commerce Committee: “I believe this legislation has the moral significance equivalent to that of the civil rights legislation of the 1960’s and the Marshall Plan of the late 1940’s.” Gore went on to warn of global sea level rises of 20 feet and monster Hurricanes. He even blamed recent floods in Fargo, North Dakota and wildfires in California and Australia on global warming.

This is a worthy topic for continued congressional exploration. In short, the video and accompanying narrative dissect how, at his Friday Capitol Hill appearance touting a scheme to ration energy while in the process rewarding business who helped write the scheme:

Al Gore obfuscates, downplays and refuses to discuss the role that CEOs have played in crafting his Cap-and-Trade C02 trading schemes and carbon swapping systems.

Al Gore tries to put a lid in Congressional committee testimony on a little reported but vitally important subject in the global warming, carbon-tax ‘debate’- the new derivatives bubble in the emerging green-energy credit-swap market….

The point from Rep. Scalise that is gaveled over by the chairman and stuttered-over by Gore is that many of the Congressmen are ‘concerned about turning over our energy economy over to firms like Enron and some of these Wall Street firms that wrecked out financial economy.’

Fmr. Vice President Al Gore denies that Ken Lay and other CEOs developed carbon scheme: “I didn’t know him well enough to call him ‘Kenny-boy’.

Of course, Gore wasn’t the home-state governor of this Fortune 15 company either, so I guess his supposed lack of familiarity (keep reading) would make sense – but one might ask what nickname Gore had for (or from) close family friend and, ahem, benefactor, the Soviet stooge Armand Hammer? Maurice Strong? The gang at his own personal Enron, scam-artist and buddy-run Molten Metals? Et cetera, et cetera…

Here, we see how Gore lapses into his true self, well-known before adoption of this Right Rev. persona, to rather awkwardly try and change the subject from something that is rightly discomfiting to him. So allow me to address the point, as there is much, much more to the story.

Twelve years ago almost to this very day I left my law firm to accept a position that had rather unexpectedly fallen in my lap with a phone call from Enron, asking me to be their Director of Federal Government Relations. Everyone polled suggested it was a great opportunity, a company admired throughout town, not just by the current (Clinton-Gore) administration with which it was very close, but by Republicans, too.

My recollection is that it was my first day on the job when I walked into my boss’s office in Enron’s suite across from the White House, smack into a meeting between her and who I now know to be two of the Natural Resources Defense Council’s senior DC officials. OK. But the next day I was tasked with sitting in for “Kenny Boy” at a meeting in fancy New York law firm offices (in DC), around a table of Baptists and Bootleggers, rent-seekers and green puritans, discussing how to ensure a global warming treaty came about, of our collective design, and how to rope the U.S. in.

So, seeing very measured groups like Union of Concerned Scientists on my immediate left, I turned to one of the rent-seekers’ officers on my right, among whom I recall being the American Gas Association, Niagara-Mohawk Power, and BP, among others. In response to my query, “what are we doing sitting around a table with a bunch of people who want to put us out of business?”, I was told with a laugh, “they want to put coal out of business first.”

Lovely people, these folks kind enough to introduce me to the world’s second-oldest profession of trying to make one’s fortune off of policy favors from buddies in government instead of by innovation or competition. Frederic Bastiat, phone your office.

So I fired off a “Houston, we have a problem” missive to my boss asking if Enron knew what it was getting into in this group. That’s when they explained the specifics of their business plan to me – which did include setting up a trading business with Goldman, by the way, as one of Goldman’s energy practice chiefs at the time also roared to me in joy about about all of the money they were going to make. This cannot conceivably be news to Gore and his VC partner and former Goldman Pooh-Bah Blood discussed in the linked item.

This plan has since been carried off to greener pastures by numerous of Kenny Boy’s protégés – including one of the most vocal leaders of the current industry push for the cap-and-trade rationing scheme, as I detail in “Red Hot Lies: How Global Warming Alarmists Use Force, Fraud, and Deception to Keep You Misinformed“. Read that if you want to know just how Rep. Scalise really did nail things in his questioning.

Anyway, fast forward a few uncomfortable weeks of retaliatory behavior that I am confident you wouldn’t believe, but I’d be happy to take a speaking fee to tell you about. I’m gone, and Enron and the greens are continuing on their way with what happens to be Congress’s current agenda. Soon thereafter, in July of that year (1997), a unanimous Senate votes pursuant to Art. II, Sec. 2, its (unsolicited) “advice” to Clinton-Gore to not go to Kyoto and agree to that beast. In December Al Gore then flies off to Kyoto to do just that.

The intervening event? An August 4, 1997 Oval Office meeting with Kenny Boy, (then-) Sir John Browne of BP, and the President and Vice President of the United States. Let that sink in. He didn’t know the guy. But anyone who can even spell “Beltway” can tell you that that kind of orchestration and attention takes serious influence. Ask Gordon Brown.

As revealed by the August 1, 1997 Kenny Boy briefing memo subsequently aired after the unpleasantness, in this meeting Kenny Boy was to demand that the Senate be ignored, that the administration agree to Kyoto, and most important that it contain a cap-and-trade scheme.

I know where “advice and consent” is in the Constitution. I’m not so sure where Ken Lay and Sir John Browne are, probably in the back with all of the scary stuff. Anyway, you know who won.

So, in tossing things back to Gore to finally answer the question, I leave you with key excerpts from the “what I did in Kyoto” memo by Lay’s Kyoto aide (yep, he had one), John Palmissano, hailing Enron’s success:

  • “This treaty [Kyoto] is exactly what I have been lobbying for”
  • “This agreement will be good for Enron stock!!”
  • “Enron now has excellent credentials with many ‘green’ interests including Greenpeace, [World Wildlife Fund], [Natural Resources Defense Council], German Watch, the U.S. Climate Action Network, the European Climate Action Network, Ozone Action, WRI, and Worldwatch.”
  • “This position should be increasingly cultivated and capitalized on (monitized).” (sic)
  • “if implemented, this agreement will do more to promote Enron’s business than will almost any other regulatory initiative outside of restructuring of the energy and natural gas industries in Europe and the United States.”